Page 480 - Economy & Policy News

India likely to remain fastest growing major economy in 2024: Assocham

The country's Gross domestic product (GDP) growth of 7.6 per cent beat most estimates, including 6.5 per cent projected by the Reserve Bank of India

Pakistan's current economic model not working, says World Bank official

The remarks by World Bank Country Director Najy Benhassine came in a Policy Vision article, published in the latest UNDP publication

Frozen India, China ties on a drift into fourth year with no end in sight

While India has maintained that there cannot be restoration of normalcy in its relations with China as long as the state of the borders remains abnormal

RBI continues battle against inflation; eyes on possible rate cut in 2024

After announcing the December monetary policy review, Das said that "loosening in rates is not on the table at all" till the inflation demon is chained at or is under 4 per cent for a durable time

Govt hopeful of 'bountiful harvest' amid food inflation headwinds

Besides, the government subsidised the sale of a few commodities to improve domestic supply and arrest the sharp spikes in retail prices of wheat, rice, edible oils, pulses, tomato, and onion

Kolkata restaurants see surge in footfall during Christmas-New Year week

HRAEI president Sudesh Poddar said crowd turnout is expected to improve further leading up to the New Year

India-Russia trade exceeds $50 bn: EAM highlights progress in key sectors

During the meeting, Jaishankar conveyed Prime Minister Narendra Modi's personal greetings to President Putin

India to become largest economic superpower by end of century: CEBR

India is expected to overtake both China and the US after 2080, based on demographic estimates and projections

Time for private sector to think big & bold for investment cycle: DFS secy

Banks need to do stress testing for cyber risks

Consumers find relief from boiling oil prices in 2023 even after CPI rises

According to data by Bizom, prices of edible oils ranged from a fall of 13.3 per cent to 30.2 per cent in November this year compared to last year

India to begin FTA talks with Russia-led economic bloc in Jan: Jaishankar

India, Russia to step up discussions on an investment pact, multiple connectivity routes

Vibrant Gujarat: MoUs worth Rs 24.7k cr signed ahead of investment summit

The MoU-signing ceremony was held as part of the Vibrant Gujarat Global Summit 2024 which will be organised during January 10-12 next year

Banks' asset quality improves to decadal high at end-Sept: RBI report

The central bank said the banking system and the non-banking financial companies (NBFCs) remain resilient, backed by high capital ratios, improved asset quality and robust earnings growth

Union cabinet approves increase in copra MSP for upcoming 2024 season

The agriculture ministry said that the MSP for the 2024 season has been hiked by Rs 300 per quintal for milling copra and Rs 250 per quintal for ball copra over the previous season

Majority prefer banks deposits to park savings, 21% in gold, says Survey

The survey also showed that regional variations persist, with southern Indian cities such as Bengaluru (69 per cent) and Thiruvananthapuram (66 per cent) leading in gold savings

India net importer of steel in April-Nov, Chinese shipments reach 5-yr high

The world's top steel producer exported mostly hot-rolled and cold-rolled coil or sheets to India, followed by plates, and pipes

Fresh formal jobs creation falls 10% to 9.06 mn in 2023: EPFO data

Furthermore, the number of new women subscribers declined by about 12 per cent to 2.35 million from 2.68 million last year

Brent to remain steady in near term, reflects demand destruction: Emkay

The forthcoming OPEC meeting is anticipated to exert influence on oil prices, with the possibility of OPEC implementing measures such as output restriction or supply curtailment

Tough yr for CM Sukhu as monsoon fury compounds Himachal's financial crunch

Sukhu expanded his ministry twice during the year, in January and again in December, adding seven ministers. One berth is still vacant

2023: A year when G20 helped India solidify its place on world stage

India's focus to be the voice of Global South has earned it support in region. Some experts believe it has even changed the structure of G20 into a development organisation and not just an elite club